1Investor Presentation | March, 2015

Growing inStrength

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Disclaimer

This presentation is not an offer or invitation to subscribe to or purchase any securities.

No warranty is given as to the accuracy or completeness of the information in this presentation. You must make your

own independent investigation and appraisal of the business and financial condition of KIPCO

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furnished to you solely for your information. You may not reproduce it or redistribute to any other person.

This presentation contains forward-looking statements. These statements may be identified by such words as "may",

"plans", "expects", "believes" and similar expressions, or by their context. These statements are made on the basis

of current knowledge and assumptions. Various factors could cause future results, performance or events to differ

materially from those described in these statements. No obligation is assumed to update any forward-looking

statements

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forgoing limitations.

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Index

Expectations met…

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3 pillars of KIPCO’s strength...

II.Low

Leverage

III.Strong

Liquidity

I.Operating

Profit Growth

KIPCO’s strength

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We expected double digit growth for 2013-16…

I. KIPCO – Growth continues…

2013 2014

40 46NET PROFIT

Growth

15%

...and on target

In KD mn

REVENUE*514 598 16%

* Revenue from continuing operations

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...driven by growth in core companies

All core companies are profitable & growing

Revenue Net Profit Revenue Net Profit

11%# 18% 23%

Growth 2014

9% 207% 24%

163%* 628% 173%^

(30%)

66%

22%^

# Gross Premium Written. * Includes effect of FIMBank consolidation. ^Revenue is defined as sales + dividend income + share of associates. Numbers are based on trailing 12 months. Revenue growth includes consolidation of SADAFCO.

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II. Low leverage…

* Net debt is defined as net debt of KIPCO parent and Group entities excluding deposits and inter-bank borrowings of banking subsidiaries# Includes aggregation of KIPCO Group investments in subsidiaries, associates and other investments

Lower dependence on debt, less than 30% of assets are financed by debt

Net debt*

Core operating Investments

800

3,100

KD mn

KD mn

#

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…with healthy portfolio returns

Resulting in operating profit growth

* Includes aggregation of KIPCO Group investments in subsidiaries, associates and other investments. ^ Return is defined as net profit divided by average carrying value of investment in respective entities. #Represents portfolio that generates return higher than the funding cost of investing entity

3,100KD mn

67%

33%

10%10%7%

Portfolio return^

< cost of debt< cost of debt

Core operating Investments*

#

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III. Strong liquidity...

To repay maturing debts...

in cash and bank balances as of December 2014

$913mn

Debt maturing after 4 years

52%Average debt maturity

3.4 years

Proactive liability management resulting in solid credit profile

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...and KIPCO track record continues

ProfitabilityYears of

1992 2014

23

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Index

Outlook 2014-18

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KIPCO group becoming stronger

…without counting for growth in core portfolio value (capital gains)

Targeting to double profit

…driven byfrom 2014-18…

underlying operating profit growth lower cost of debt Stability of management team

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Index

OSN update

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OSN update

Subscribers 2.5x

Revenues 2.2x

EBITDA 16%

Profit 66%

2010–2014 Growth

Around $1bn dividend potential in next 5 years

2014 Growth

Thank you